Money Minute: Soda Sales Fizzle; FBI Probing High-Speed Trades

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Soda sales have lost their fizz.

It's a trend we've been following for years -- the steady decline in soft drinks sales -- and it only worsened in 2013. According to Beverage Digest, soda sales in the U.S. as measured by volume fell by 3 percent last year. It's the ninth straight decline. Many consumers are increasingly concerned about the health impact of soda, including diet brands that include artificial sweeteners. There was a new report out over the weekend linking diet colas to higher blood pressure, diabetes and other problems in post-menopausal women.

On Monday we told you about author Michael Lewis' charge that high-speed traders are ripping off most investors.
Now the FBI is reportedly investigating these algorithm-based operations for possibly trading on nonpublic information. High-speed trading isn't against the law, but trading on inside information is a crime.

Here on Wall Street, the Dow Jones industrial average (^DJI) rallied 134 points Monday, the Nasdaq composite (^IXIC) rose 43, and Standard & Poor's 500 index (^GPSC) gained 14 points.

The three averages ended little changed for the first quarter. Among the Dow 30, Merck (MRK) was the best gainer, up 13 percent; Boeing (BA) was the big loser, down 8 percent.

Some analysts say the market could settle into a holding pattern until Friday morning, when the monthly jobs report for March comes out. Investors want to see if the economy shook off the affects of the horrible winter weather that was blamed for sluggish gains earlier in the year.

Finally, it's April. Spring training is over, and the first pitch of the baseball season has been thrown. So how much can you expect to spend for a day at the ol' ballpark? Team Marketing says the cost of the average ticket edged up by 2 percent from last year to nearly $28. The world champion Boston Red Sox charge the most, while the Arizona Diamondbacks charge the least, and the Kansas City Royals imposed the biggest increase from a year ago.

-Produced by Drew Trachtenberg.


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cabo79

Flash trading is profitable because the flash traders get info a split second before everyone else, but that is all it takes. Early info = big profits. Is this trading on inside info, maybe, Is the playing field level? NO.

April 03 2014 at 9:57 AM Report abuse rate up rate down Reply
kanga573

Paying millions for ads that insult English-speaking Americans by pushing Spanish as the new language of the United States might appeal to the 14 percent of the nation that speaks that language, but is not a smart marketing device when trying to convince citizens of the United States to drink your garbage.

April 01 2014 at 4:41 PM Report abuse +1 rate up rate down Reply
aaflyboy1

Soda is a thing of the past!
Wall Street Executives are all OVERPAID THIEVES!
They constantly conduct inside trading and are ruthless!
Stupid Americans gave away their pensions. ( A SURE THING, AS LONG AS YOUR COMPANY AND THE US GOVERNMENT DO NOT ALLOW THEM TO MIS USE BANKRUPTCY LAWS, EXAMPLE,AUTO/AIRLINE INDUSTRY)
Most hard working Americans depend on their 401ks.
I have news for you, One day, their will be another wipe out on wall street and you will have nothing! Unless, you have inside information like the pigs on Walls Street!
Americans BASHED UNIONS! Wait until the fall out! You will wished you had a pension and benefits!
OH CANANDA, YOU PEOPLE ARE SMART!
AMERICANS GOT STUPID!
GOD BLESS AMERICA!

April 01 2014 at 4:12 PM Report abuse +1 rate up rate down Reply
aaflyboy1

Soda is a thing of the past!
Wall Street Executives are all OVERPAID THIEVES!
They constantly conduct inside trading and are ruthless!
Stupid Americans gave away their pensions. ( A SURE THING, AS LONG AS YOUR COMPANY AND THE US GOVERNMENT DO NOT ALLOW THEM TO MIS USE BANKRUPTCY LAWS, EXAMPLE,AUTO/AIRLINE INDUSTRY)
Most hard working Americans depend on their 401ks.
I have news for you, One day, their will be another wipe out on wall street and you will have nothing! Unless, you have inside information like the pigs on Walls Street!
Americans BASHED UNIONS! Wait until the fall out! You will wished you had a pension and benefits!
OH CANANDA, YOU PEOPLE ARE SMART!
AMERICANS GOT STUPID!

April 01 2014 at 4:11 PM Report abuse +1 rate up rate down Reply
Davie2743

High speed trading may not be considered theft but everybody knows it is premeditated thievery.

April 01 2014 at 2:08 PM Report abuse +1 rate up rate down Reply
chrispnet

Sounds like insider trading to me. Prosecute the bastards!

April 01 2014 at 10:16 AM Report abuse +2 rate up rate down Reply